The People’s Committee of District 8, Ho Chi Minh City, has recently requested that the investors of 14 apartment buildings on its territory promptly transfer the 2% maintenance fees to the condominium management boards in accordance with regulations.
Among these buildings, there are 10 buildings where the investors have not fully transferred the maintenance fees, and 4 buildings where the investors have been slow in transferring the maintenance fees to the condominium management boards.
Specifically, the investors who have not fully transferred the fees to the management boards include: Vạn Thái Trading-Service-Construction Co., Ltd. (Topaz City Apartments Block A, Topaz City Apartments Block B, and Topaz Elite Phoenix 1 Apartments); May Song Ngoc Co., Ltd. (Tara Residence Apartments); Linh Phong Construction and Development Investment Joint Stock Company (Conic Riverside Apartments);
ASC Saigon Agriculture Investment Joint Stock Company (Riverside Apartment Buildings); Thái Bảo Production Trading Service Co., Ltd. (The Avila Apartments); An Phuc Construction Co., Ltd. (Mỹ Phúc Apartments); 577 Joint Stock Company (Diamond Riverside Apartments); Lê Minh MC Trading Production Service Joint Stock Company (Trương Đình Hội Apartments).
Vạn Thái Company has not fully transferred the maintenance fees to the management board of Topaz City Apartments. (Photo: H.U)
In addition, there are investors who have been slow in transferring the maintenance fees to the management boards, including: 276 Ngoc Long Co., Ltd. (Hưng Phát Social Housing Area, also known as Green River Apartment); Thanh Nhựt Trading-Construction Co., Ltd. (Thanh Nhựt Apartments); Cho Lon Real Estate Investment Joint Stock Company (Felisa Riverside Apartments); and Electric Power Trading-Service Investment Joint Stock Company (Điện Lực – Peridot Apartments).
According to the People’s Committee of District 8, for the investors who are slow or have not fully transferred the maintenance fees for the condominiums, it is suggested that the condominium management boards file lawsuits against the investors at the people’s courts at all levels.
“In cases where the investors show signs of infringement or misappropriation of the 2% maintenance fees of the condominiums, the condominium management boards are requested to follow the provisions of the law, review the files, and transfer them to the investigative authorities for handling according to regulations,” instructed the People’s Committee of District 8.